To ensure audit quality,audits of public companies must be performed by multinational accounting firms.

Question

Quizplus · Accepted Answer

While multinational accounting firms may have the resources and expertise to perform audits of public companies, audit quality is more dependent on the auditor's independence, objectivity, and professional skepticism. The size and location of the accounting firm are not the sole determinants of audit quality.

To Ensure Audit Quality,audits of Public Companies Must Be Performed